Member Info for hitman1a

That's post tax.. at 40%.. $25m in Q1 pre-tax..

GL.

That's after tax (40%) , it's $24.8 pre tax in Q1..

Bodes well for end of year and following years with pretax amount going to Enquest..

15. Subsequent events
Subsequent to 31 March 2021, and in accordance with the agreement between EnQuest and Suncor to
purchase Suncor’s entire 26.69% non-operated equity interest in the Golden Eagle Area Development
Asset signed on 4 February 2021, the Golden Eagle Asset was transferred into a shell legal entity, North
Sea (Golden Eagle) Resources Limited, on 1 October 2021 with the intention that EnQuest will purchase
that entity.

$5m/mth in Q1 2021.. maybe more in rest of year.

Our SP has improved from 10p to 26p over the last 12mths... if we get the same increase of 16p over the next year, no one should be complaining. that's 42p .. only 3p below the current Barclays target. Brent looks solid for another 6mths before it tapers down very slowly to $70 by January 2024 based on forward contracts..

What we getting each other for Xmas..?

3 Magpies and 2 Squirrels in the garden today.

Bodes well for tomorrow..

Yes, Golden Eye. But confirmation using used wells in North Sea for storage. SVT is probably worth a bit more than the nil valuation I have on it.

Are we getting the second supplementary prospectus on GE 6mth financials soon?

I think the day before completion in early Nov would be just right.

14 Magpies in the garden today.. albeit 1 was sitting on the fence. They seem to be controlled by something I can't see. If anyone wants them, they are for sale in pairs like shoes.

Brent above $85, guess we can try to stay above 25p today. Don’t think we will break 26p just yet , 2 Magpies again in the garden today , as well as 1 in the tree. It was the 2 Pigeons in the flower beds that caught my eye , but I have no idea what it means , ..just that they know where I live .

Past performance is not necessarily a guide to the future , We now have 3 great broker forecasts all pointing to better times . Normally we get a big spike in Jan/Q1 etc.

Been there about an hour. One is bigger than the other but it uses the smaller one to walk around like it does trying to replicate rain drops... and then pounces on the food if it appears near the feet of the smaller one or its own..

SP: 25.20p Helikon are sellers near 26p, so GE needed to get us to 34p.. I assume Malaysia will be sorted over Q4, rather than Oct 21. I can't find anything online.

Over 25p today imv . Perhaps 3 weeks away from GE completion and progress from Malaysia to look forward to .

There's inflation which people say on TV is transitory.. and I suppose it's the same for oil and gas prices, but this isn't lumber. I just think some of it will become permanent in the energy sector due to natural declines and reduced capex.. Definitely too much debt everywhere which will remain unpaid, so no doubt countries will inflate their assets to a point they feel the debt in comparison is comfortable.. $80 oil will become the norm.

Forward contracts indicate very healthy prices in 1H 2022, and hedging above $70 all the way to Dec 2023.. Enquest shareholders need to give the company more time to deleverage the balance sheet.. My advise to any taxi or uber drivers is to buy your new portable urinals now , as the costs have gone up. You can only fit so many in a container and shipping prices have moved up substantially from the last time you probably bought one..

Barclays had a 40p target in Q1 2020 and are now back to 39p.. Jefferies were using $70 pricing in their calculations so 30p seems rather conservative.

but not out.. Bloomberg said this morning oil stocks were 25% off of where they should be. Fund managers not buying this sector explains most of the story, but some are now having a look.. Standard Chartered said they would continue to loan money to oil companies until there wasn't any oil left in the ground.. 32p is where we should be today.. Add more for GE, Malaysia and Magnus fixes WHEN they happen and not before. GL.

Interesting RNS from Cairn today on contingent consideration on sale of working interest in Kraken and Catcher .

All those workers invested in crypto and have no need to come back to UK farms and restaurants...

From last week , Sharecast reported Jefferies also boosted its stance on EnQuest to ‘buy’ from ‘hold’ and upped the price target to 30p from 24p.

"EnQuest is working through some operational challenges at its UK Magnus facility but with completion of the Golden Eagle asset acquisition ahead and significant leverage to oil price we pass through our commodity price changes and go with the 26% increased price target of 30p," it said.

I would have added Malaysia repairs to the list as it adds production , and mentioned significant tax losses to offset against future profits.. so it's look forward to the opersations update at the end of Nov 2021 and see it they upgrade again closer to 39p like Barclays.. I'm convinced like the TotalCEO, we are entering a period of higher energy prices.

Warren Buffet was quoted last night on Bloomberg via another Hedge Fund investor etc.. " If you have all your eggs in one basket, watch that basket.". I'm sure far too many of us are overweight on Enquest.. but it seems ok, so long as Enquest tick all the above boxes in Q4 2021.

Chilting got what he wanted , guess it should add 1p to the share price and save a lot of jobs . Might even create a few more too.

Saw it on Morningstar , as well Ascential Jefferies raise to 30p from 24p

Barclays : Overweight , almost diabetic

KO, ...also saw some chatter yesterday on US talking about reintroducing export ban on oil.. (Obama era ?)